When will global greenhouse gas emissions peak? - report
Our analysis finds we could peak coal in 2023, gas in 2024 and oil in 2025.
Critical climate thresholds may be nearer than thought: study finds
The study concludes that even with steep emissions cuts, we're likely to reach or pass 2°C of warming.
“These demonstrated capabilities are in line with our plans in integrating higher levels of renewable energy in our grid, which will enable us to achieve our goal to phase out coal-fired power plants by 2040 and to be carbon neutral by 2050.” —
https://reneweconomy.com.au/chilean-solar-plant-worlds-first-to-deliver-grid-services-54481/ #climate_change #chile #solar_power #paris_agreement #environment
Chilean solar plant world’s first to deliver grid services
First Solar says its 141MW Luz del Norte solar PV plant in Chile will be world’s first utility-scale PV facility licensed to deliver ancillary grid services on a commercial basis.
That reality translates into a “huge opportunity for countries that import fossil fuels which can save trillions of dollars by switching to a clean energy economy in line with the Paris Agreement,” he added. “Now is the time to plan an orderly wind-down of fossil fuel assets and manage the impact on the global economy rather than try to sustain the unsustainable. —
https://theenergymix.com/2020/06/04/fossils-face-25-trillion-loss-as-coronavirus-drives-industrys-decline-and-fall/ #peak_oil #covid-19
#paris_agreement #environment #worldFossils Face $25-Trillion in Losses Due to Coronavirus - The Energy Mix
Fossil companies stand to lose US$25 trillion in profits as the coronavirus pandemic triggers a terminal decline in demand for oil, gas, and coal.
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Sue Stone
Steve MacLellan